NFT Market Update 22nd December 2022

OpenSea unveiled a new product ‘Drops on Opensea’ which will allow any creator to easily release collections. OpenSea stated that their vision is to “expand this product so that anyone can easily drop collections with an immersive storefront, without needing access to special technical resources or expertise”.

The SEC charged Caroline Ellison, the former CEO of Alameda Research, and Gary Wang, the former CTO of FTX, for their roles in a multiyear scheme to defraud equity investors in FTX. According to the complaint, between 2019-2022, Ellison, at the direction of Bankman-Fried, furthered the scheme by manipulating the price of FTT, by purchasing large quantities on the open market to prop up its price.

Blur announced claim packages for airdrop two have been recalculated. The team fixed the wash trading filters that affected legitimate traders. They also updated package counts to reflect that airdrop two recipients will receive 10x more $BLUR than airdrop one.

NFT project ‘Women and Weapons’ have doubled down on content creation as a new business revenue stream by introducing their first virtual influencer: Nova. Nova will serve daily content across all social platforms, generate brand opportunities, and reach a younger audience that is video first, starting with Cameo, where fans can book her for personalized video shoutouts.

Solana News

Largest automated market maker, Hadeswap, added limit order functionality allowing traders to set buy and sell orders. Hadeswap also teased their token $HADES which caused excitement amongst ABC project holders as likely recipients of the token.